1212 Punahou Street , #2003

Description

For Investors only! Owner is selling the fee only, not the leasehold portion. It is a fee simple property with a lease that expires on 10/30/2045. Current lease rent is $986.62 per month with the next renegotiation scheduled for 11/01/2025. This Banyan Tree Plaza leased fee is a high lease rent investment paid monthly without the headaches and expenses of a traditional rental property and at the end of the lease expiration it turns fee simple with lots of appreciation. Lessee (leasehold owner) is responsible to pay association fees, real property tax and maintenance of the unit. This property is a 2 bedroom 2 bath 1 parking unit with 981 sqft of living and a 78 sqft lanai. Information advertised is based on tax records and cannot be verified. No showings allowed. Please do not contact the Lessee directly.